Last week's 10 top penny stocks were dominated by a cutting-edge information technology firm from Irvine, Calif.
On Tuesday (Sept. 11), Netlist Inc. (NASDAQ: NLST) closed out a 542% gain on news that courts litigating a patent lawsuit involving Netlist had ruled in the firm's favor.
According to a press release, an administrative law judge sided with the firm on a key claim related to the development of one of the company's most profitable patents.
According to company CEO C.K. Hong, the decision will allow the United States International Trade Commission to make a definitive decision on the case within the next few months.
The announcement pushed shares of Netlist to $0.97 on Tuesday (Sept. 11) morning – a 542% gain over last Tuesday's opening price of $0.15.
Netlist's tremendous gain shows the kind of returns a strong penny stock can generate for shareholders in just a matter of days.
However, it's unlikely Netlist repeats these returns anytime soon. After looking at last week's top performing penny stocks, we'll show you a penny stock on the verge of jumping over 230%…
|Penny Stock||Current Share Price||Last Week's Gain|
|Netlist Inc. (NASDAQ: NLST)||$0.83||542.67%|
|Mannkind Corp. (NASDAQ: MNKD)||$1.80||79.09%|
|Fred's Inc. (NASDAQ: FRED)||$2.49||73.68%|
|Delcath Systems Inc. (OTCMKTS: DCTH)||$3.70||72.63%|
|Gemphire Therapeutics Inc. (NASDAQ: GEMP)||$1.96||50.71%|
|Bellerophon Therapeutics Inc. (NASDAQ: BLPH)||$1.05||47.98%|
|Cel-Sci Corp. (NYSE: CVM)||$3.78||44.78%|
|ParkerVision Inc. (OTCMKTS: PRKR)||$0.60||29.42%|
|Superior Drilling Products Inc. (NYSE: SDPI)||$2.63||29.23%|
|LiqTech International Inc. (NYSE: LIQT)||$1.50||25.20%|
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Finding gains like those shown above does not have to be difficult.
It's a natural gas and electricity company on the verge of tremendous gains – analysts project a 230% return for shareholders…